Experience is key, go for it.

[Hewlet]

No matter the amount of information you receive on this forum, if you don't practice and work on having a first-hand experience, you won't understand much.

Experience is key in everything we do and it plays a huge role in determining how successful we will become in that field.

Experienced traders know when to buy when to sell, and when to hodl. They also know how to manage any fluctuation in the market, This helps them to minimize losses and guides them to take reasonable risk.

As you choose either to trade, mine, or do what works best for you, don't forget to learn the fundamentals and apply them correctly. also learn how to start small and gradually, you learn on the job and with time your experience level should have grown and you can now start making a reasonably calculated risk.

[1714690170]

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[Cookdata]

No matter the amount of information you receive on this forum, if you don't practice and work on having a first-hand experience, you won't understand much.

Experience is key in everything we do and it plays a huge role in determining how successful we will become in that field.

Experienced traders know when to buy when to sell, and when to hodl. They also know how to manage any fluctuation in the market, This helps them to minimize losses and guides them to take reasonable risk.

As you choose either to trade, mine, or do what works best for you, don't forget to learn the fundamentals and apply them correctly. also learn how to start small and gradually, you learn on the job and with time your experience level should have grown and you can now start making a reasonably calculated risk.

There are two experience, the good and the bad. To experience the good side is first to read, understand and then put into practice, if you don't read before jumping to experience, your hands will burn and by hands I mean you will learn the hard ways because you are going to lose everything, that's trading for you.

You can't experience good if you don't know the difference between candles, you can't experience if you don't know local support and resistance and global resistance and support. You can't experience good if you don't know how to use stop loss, you can't experience the good side of trading if you don't know risk management, you can't dwell in trading if you don't know basic indicators, trend, market emotions.

Above all, you need to remove fear to do well in trading and other aspects of bitcoin, the first time might be scary but people that are experienced trader's today don't have two heads, they removed the fear and it's now a good story (for those that learned).

[serjent05]

Experience is the key, yes but to avoid unnecessary experience, one must have knowledge of things.  So there is still a need for information in order to guide us in our endeavor of experiencing things.  Aside from the result of our actions, we can also acquire experience by learning from other's experiences.  Keeping a tab on others' actions and the result of their action can greatly help us to avoid problems when we do the same things.  Like in case of trading, there are lots of traders who share their experiences and actions so knowing this kind of information can lead us to avoid losses.

Above all, you need to remove fear to do well in trading and other aspects of bitcoin, the first time might be scary but people that are experienced trader's today don't have two heads, they removed the fear and it's now a good story (for those that learned).

There is no need to remove fear because it is the reason why we get cautious and careful in our actions, we should conquer our fears and face them equipped with the knowledge and information needed to subdue that fear.

[Japinat]

No matter the amount of information you receive on this forum, if you don't practice and work on having a first-hand experience, you won't understand much.

Experience is key in everything we do and it plays a huge role in determining how successful we will become in that field.

Experienced traders know when to buy when to sell, and when to hodl. They also know how to manage any fluctuation in the market, This helps them to minimize losses and guides them to take reasonable risk.

As you choose either to trade, mine, or do what works best for you, don't forget to learn the fundamentals and apply them correctly. also learn how to start small and gradually, you learn on the job and with time your experience level should have grown and you can now start making a reasonably calculated risk.

Learning by doing in short. No one can maximize learning without practical demonstration so you can apply everything what you have learned and gained. The result will tell you if you have absorb the fundamentals well or you miss some of it that makes you not reliable on your task. This same goes for crypto investing and trading, and probably for crypto gambling as well. Everything that is put into practice more often will definitely create a better version of you, a more reliable and profitable on your crypto endeavors.

This is the reason why I don't advise people to trade using bots. The fact that you are not harnessing your skills because you rely on the works of other traders, then you lose the opportunity to excel on your own knowledge and skills because you put other works into priority when you should be the one to promote your own skills so you can be a successful and profitable trader in the process.

[Sandra_hakeem]

No matter the amount of information you receive on this forum, if you don't practice and work on having a first-hand experience, you won't understand much.

What do you mean experience?? Like....in trading and risk management like you explained below?? Or in a coin transactions?? Like... P2P Transactions, staking, trading and volatility/ trend analysis?... Lemme just believe it's not about getting experienced on scammy projects... That might get 'em discouraged already..
I believe the forum was introduced for the essence of making a "readthrough" experience ( atleast from 'em peeps that never knew about BTT before getting registered on scammy sites)

Sandra 🧑‍🦰

[Winterfrost]

Experience is the best teacher. But its better if you learn from the experience of others than waiting till you get the experience before you learn. When it comes to trading, there are lots of experience that has been shared on the internet especially in the forum here for beginners and other level to learn and practice so that they wont fall victim of any. So if you go through them try to understand what they have shared if it is what you will adapt and practice. One thing for sure is that the final decision is still yours to make whether to adhere to what they have shared and follow their advise or you can try your pattern to see if it will work best for you not minding the repercussion. This means that you are accepting any consequences and your ready to learn from your mistake. So in conclusion there are two ways to learn. One is from the experience of others and the other the experience you get form your own mistake.

[aysg76]

But when we say about bad crypto experiences then people set the mindset that it is scam so can we say they have learnt from it? They make different assumptions out of it but good experience comes from learning and once you start exploring and understanding about it so it should be best option although you learn from your mistakes as well.

[hatshepsut93]

No matter the amount of information you receive on this forum, if you don't practice and work on having a first-hand experience, you won't understand much.

This isn't a forum about moneymaking though. This is a general forum about Bitcoin, where people discuss everything about Bitcoin - like its place in this world, technical developments, how to use it, etc. Making money in Bitcoin ecosystem is just one aspect of this forum. Beginners shouldn't think that the main purpose of this forum is to learn about making money with Bitcoin.

[Adbitco]

There are people who don't put into practice of whatever information they have had but they always want to be receiving, the thing is you must learn to practice before acquiring more information. Like for instance someone who studied Mechanical engineering and he was thought how the machine works and the necessary areas of his field without even partaking in practical works does not make you a sound and qualify students because your experience is what they would classified you as before the Degree obtained from the school same is learning.

[tabas]

As you choose either to trade, mine, or do what works best for you, don't forget to learn the fundamentals and apply them correctly.

It's different this time. It's so nice to see that many newbies are already welcoming and knowledgeable with what they're entering and that's the market, investing in Bitcoin and as well as the forum.

also learn how to start small and gradually, you learn on the job and with time your experience level should have grown and you can now start making a reasonably calculated risk.

Exactly. As you start, start small and take it like you're on a ladder through step by step. But no one stops them if they want an instant knowledge, instant investment and so on. But the thing is to learn the process and make a progress.

[Obari]

Well said and I wish all newbies get to see and also read through this short and precise writing and most times, most newbies come with the mentality of making quick profits without any effort which is absolutely wrong, I’ve always made it clear that cryptocurrency isn’t a get roach quick scheme and as such should be given time and just as the Bible said that what ever the hand find doing, should be done well and such should be applied here as whatever area or aspect of crypto we find ourselves, we should always try to give it our best but firstly, we should figure out and identify what area we’re really good at and try to stick to it.

[mvdheuvel1983]

Experienced traders know when to buy when to sell, and when to hodl. They also know how to manage any fluctuation in the market, This helps them to minimize losses and guides them to take reasonable risk.

Experience is is good and there are many ways to acquire the experience in the crypto space. You are always learning from yourself and from others. The quickest way to get experience is through others but I don know how effective it is compared to experience from oneself. I thinking that experience acquired through personal encounter is customizable. I prefer this type of experience. You get the message faster.

[Mr.right85]

One path to learning is in the application. You can be grounded in the theory but the prove that you’ve learnt and it actually works is in you having to be able to apply what you’ve learnt. It becomes a means to gain from the knowledge you’ve got and build on it as well.
Some people have resigned to the theory and set aside the practical work because, it ain’t always the same with the theories having to play out in the same way in the market and that is to trade.

That’s why experience might be key but, you don’t need all the experiences out there to learn a lesson. You can as well learn from other people’s experiences.

[Broadanbig]

There is a sayings that says practice makes perfect. When one continuously makes practice of what he or she has learnt it makes them perfect which gives them the experience they sort after. They say experience is a teacher and as well the key to perfection. So it would be nice if as an individual you always practice what you have been taught because when you practice,it becomes part of you. Ordinarily, you must not wait to work to gain experience but your constant practice of what you have learnt gives you the experience in waiting so that when the opportunity avails itself, you can take advantage of it as you have already gained the experience in your own practicing.

[hd49728]

Experienced traders know when to buy when to sell, and when to hodl. They also know how to manage any fluctuation in the market, This helps them to minimize losses and guides them to take reasonable risk.

Experienced, professional and disciplined traders don't hodl.

Why I said so. It's because they are traders who are very disciplined with opening and closing their positions. When they open their positions, they clearly have plans that when they will close their positions for either taking profit or cutting loss or simply closing their positions when time will no longer good to let it opens.

Because they are disciplined and professional, they will cut loss without hesitation when they see something is wrong.

Trading to hodling is only for amateur traders who don't have any plan for their tradings so when they fail with trading, they switch to hodling. But you know, they hodl for a while till a time their patience hits limit and they will panic sell.

[LogitechMouse]

~

This isn't applied to only traders, or anything related to crypto, but in everyday life as well.
There are some things that we can only learn thru experiencing. There are times where we need to face hardships in order for us to be better. Experiencing the hard times makes us better.

As for traders out there, experience really makes them better that's why most of the newbie traders tend to lose money in their first try. It's because they don't know what to do, and the only way for them to adjust is to learn from their mistakes. What's important is that, you are learning from the experiences that you are gaining every single day.

Words of wisdom for the day. Thanks OP

[Jating]

No matter the amount of information you receive on this forum, if you don't practice and work on having a first-hand experience, you won't understand much.

Experience is key in everything we do and it plays a huge role in determining how successful we will become in that field.

Experienced traders know when to buy when to sell, and when to hodl. They also know how to manage any fluctuation in the market, This helps them to minimize losses and guides them to take reasonable risk.

As you choose either to trade, mine, or do what works best for you, don't forget to learn the fundamentals and apply them correctly. also learn how to start small and gradually, you learn on the job and with time your experience level should have grown and you can now start making a reasonably calculated risk.

Of course, as what the saying goes, experience is the best teacher. And that's not just the key here in crypto but in life though. That's why we all know that let's say falling for a scam is very annoying. But when you experienced it first hand, you will understand how you fell to the scammers trap and so you make yourself battle tested already and for sure you are not going to be scam again.

I'm not saying that everyone should be scammed or what to get that feeling and experience. But what I'm just saying if in the beginning, like myself, we was a victim of bitcoin doubler way back, it really made me what I'm today in crypto, not trusting anyone, and then the so good to be true offer, that is a red flag that it is a scam.

[Rockstarguy]

No matter the amount of information you receive on this forum, if you don't practice and work on having a first-hand experience, you won't understand much.

Experience is key in everything we do and it plays a huge role in determining how successful we will become in that field.

Experienced traders know when to buy when to sell, and when to hodl. They also know how to manage any fluctuation in the market, This helps them to minimize losses and guides them to take reasonable risk.

As you choose either to trade, mine, or do what works best for you, don't forget to learn the fundamentals and apply them correctly. also learn how to start small and gradually, you learn on the job and with time your experience level should have grown and you can now start making a reasonably calculated risk.

Like they always say experience is the best teacher, experience gives a better understanding in every aspect of trading and investment. Experience explains better of how the market operates and not to panic when the market is going down dip. Experience helps traders and investors to have more patience with the market. Experience is everything to become a better trader or investors, experience helps to know which project is scam.
.
That's why when their are little loses in trading in trading their is no need to panic,  it is just an experience that will help in the future to do better and not to go back to the same mistake that led  to the cause of lose.

[HONDACD125]

No matter the amount of information you receive on this forum, if you don't practice and work on having a first-hand experience, you won't understand much.

Experience is key in everything we do and it plays a huge role in determining how successful we will become in that field.

Experienced traders know when to buy when to sell, and when to hodl. They also know how to manage any fluctuation in the market, This helps them to minimize losses and guides them to take reasonable risk.

As you choose either to trade, mine, or do what works best for you, don't forget to learn the fundamentals and apply them correctly. also learn how to start small and gradually, you learn on the job and with time your experience level should have grown and you can now start making a reasonably calculated risk.

You have provided the best tips for the newbies which will surely benefit the newbies a lot and they will get the best results in terms of trading. In any field, experience does not begin until a man enters the field.As most people trade by following the signals of others. In the same way, if we do not try to learn by following the words of others, then we will always be in need of others.

However, every person starts learning all these things with time.Often when we lose in a trade we realize more about our mistakes and we start to see where we went wrong.However, trading is a risky market where even experienced traders sometimes lose because sometimes the  market can go against our analysis and predictions.As the cryptocurrency market often fluctuates due to good and bad news,there fore global news also needs to be closely monitored.

[Nheer]

No matter the amount of information you receive on this forum, if you don't practice and work on having a first-hand experience, you won't understand much.

This is applicable to even scenarios outside the forum also just like when someone explains for you how to drive a car if you don’t put it into practice you may never understand fully how to move the car but you just have idea about it so it is with here and i see it more like a step if you really want to become an expert. Be it trading, mining or anything you will need to get rid of fear amd put what you learned into practice and gradually you will understand it better.

The first time I tried using p2p to buy a coin after learning about it somewhere I can’t remember to be precise everything look so different than how i read it, i was confused seeing plenty of buttons but I managed to complete my order and my next experience was much easier than the first and gradually I understood it more now i can even perform a p2p trade with my eyes closed…LOL. That’s how it is, practice makes perfect.

Experienced traders know when to buy when to sell, and when to hodl. They also know how to manage any fluctuation in the market, This helps them to minimize losses and guides them to take reasonable risk.

Trading with just learning expertise is not enough, you will require constant practice before you can fully understand it. You need to be exposed to the trading environment to fully understand how the market behaves and know when to stop loss or probably enter a trade.

As you choose either to trade, mine, or do what works best for you, don't forget to learn the fundamentals and apply them correctly. also learn how to start small and gradually, you learn on the job and with time your experience level should have grown and you can now start making a reasonably calculated risk.

They both work hand in hand with each other if one wants to be successful. You can’t skip a step and claim you want to achieve success, you need to start by learning the fundamentals and making sure you fully understand where to apply them and practicing them while applying them correctly in the right place. Also remember, every successful trader is a risk taker so you need to also learn how to take calculated risks.